Taxes
GFD’s Information on VAT on immovable assets – Part II
Rules for applying VAT on renovation work, tax rates applicable to housing, and changes in the optional application of VAT on the supply of immovable assets: these are the topics of Part II of our article about the General Financial Directorate’s…
EET 2.0 and other proposals by Ministry of Finance
The Ministry of Finance has disclosed a draft legislative package that includes the reintroduction of electronic sales reporting (EET) and other changes in personal income taxation, family support, and the digitisation of tax administration.
Ministry of Finance responds to update of OECD Model Tax Convention
In November of last year, the OECD released an update to the Model Tax Convention on the avoidance of double taxation, including revisions to the accompanying Commentary. Among the changes is a substantially revised interpretation concerning the…
Claiming VAT deduction in previous taxable period via additional VAT return?
The Coordination Committee of the Chamber of Tax Advisors and the General Financial Directorate (GFD) assessed whether it is possible to claim a VAT deduction in a previous period through an additional VAT return after receiving a tax document. The…
GFD’s long-awaited information on application of VAT to immovable assets
The General Financial Directorate (GFD) has published information on the application of VAT to immovable assets from 1 July 2025. The methodology responds to last year's extensive amendment to the VAT Act and describes the key changes to the…
GFD’s information on claiming VAT deductions
In connection with the amendment to the VAT Act, at the turn of the year the General Financial Directorate (GFD) issued its Information on Changes in Claiming VAT Deductions from 1 January 2025, which explains how to claim partial VAT deductions and…
Accounting bill and related tax changes awaiting discussion by new deputies
The outgoing government approved a new accounting bill and its accompanying law, with proposed effectiveness from 2028. It will now depend on how the new chamber of deputies approaches the proposed legislation: if the deputies decide to pass it, all…
Changes in employee taxation in 2026
The new year brings changes in employee taxation and social security and health insurance contributions. Below, we bring you an overview of the most important changes that employers can expect.
VAT news for 2026
Although most of the major changes introduced by the extensive amendment to the VAT Act and passed in 2024 came into effect in 2025, some amendments became effective as late as 1 January 2026. Below, we summarise what has changed in the VAT Act from…
R&D allowance from 2026 – what will change and what will remain the same?
Several fundamental changes in research and development (R&D) allowances are being introduced by an amendment in effect from 1 January 2026. These mainly concern the method of calculating the allowance and the deadline for claiming it. However, the…
Permanent establishment occurring through home office arrangements: OECD updates its…
The OECD has published a long-awaited update to its Commentary on Article 5 of the Model Tax Convention on the Avoidance of Double Taxation, which deals in more detail with the concept of a permanent establishment where employees work from home or…
Proposal to reduce minimum assessment base for social insurance for self-employed…
One of the commitments of the incoming government coalition has been to end the increase in the minimum assessment base for social security contributions for self-employed persons. To this end, it has already submitted a motion to amend the law to…